XML 47 R28.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Accumulated Other Comprehensive Income (Loss) ("AOCI") | 12 Months Ended
--- | ---
Dec. 30, 2017
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] |
Accumulated Other Comprehensive Income (Loss) ("AOCI") |
Note 19. | Accumulated Other Comprehensive Income (Loss) (“AOCI”)
The company’s total comprehensive loss presently consists of net income, adjustments for our derivative financial instruments accounted for as cash flow hedges, and various pension and other postretirement benefit related items. During fiscal years 2017, 2016, and 2015, reclassifications out of AOCI were as follows (amounts in thousands):
|  | Amount Reclassified from AOCI |  |  | Affected Line Item in the Statement
Details about AOCI Components (Note 2) |  | Fiscal 2017 |  |  | Fiscal 2016 |  |  | Fiscal 2015 |  |  | Where Net Income is Presented
Derivative instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (142 | ) |  | $ | (221 | ) |  | $ | (250 | ) |  | Interest expense
Commodity contracts |  |  | (2,080 | ) |  |  | (5,307 | ) |  |  | (8,551 | ) |  | Cost of sales, Note 3, below
Total before tax |  | $ | (2,222 | ) |  | $ | (5,528 | ) |  | $ | (8,801 | ) |  | Total before tax
Tax benefit |  |  | 855 |  |  |  | 2,129 |  |  |  | 3,388 |  |  | Tax benefit
Total net of tax |  | $ | (1,367 | ) |  | $ | (3,399 | ) |  | $ | (5,413 | ) |  | Net of tax
Pension and postretirement plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prior-service credits |  | $ | (175 | ) |  | $ | (175 | ) |  | $ | 267 |  |  | Note 1, below
Settlement loss |  |  | (4,649 | ) |  |  | (6,646 | ) |  |  | — |  |  | Note 1, below
Actuarial losses |  |  | (5,858 | ) |  |  | (6,840 | ) |  |  | (4,395 | ) |  | Note 1, below
Total before tax |  | $ | (10,682 | ) |  | $ | (13,661 | ) |  | $ | (4,128 | ) |  | Total before tax
Tax benefit |  |  | 3,899 |  |  |  | 5,260 |  |  |  | 1,589 |  |  | Tax benefit
Total net of tax |  | $ | (6,783 | ) |  | $ | (8,401 | ) |  | $ | (2,539 | ) |  | Net of tax benefit
Total reclassifications from AOCI |  | $ | (8,150 | ) |  | $ | (11,800 | ) |  | $ | (7,952 | ) |  | Net of tax benefit
Note 1: | These items are included in the computation of net periodic pension cost. See Note 21, Postretirement Plans, for additional information.
Note 2: | Amounts in parentheses indicate debits to determine net income.
Note 3: | Amounts are presented as an adjustment to reconcile net income to net cash provided by operating activities on the Consolidated Statements of Cash Flows.
During fiscal years 2017, 2016, and 2015, amounts recognized in AOCI, exclusive of reclassifications, were as follows (amounts in thousands):
|  | Amount of Gain (Loss) Recognized in AOCI |
AOCI component |  | Fiscal 2017 |  |  | Fiscal 2016 |  |  | Fiscal 2015 |
Derivative instruments: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | — |  |  | $ | 1,083 |  |  | $ | — |
Commodity contracts |  |  | (9,734 | ) |  |  | 8,233 |  |  |  | (6,821 | )
Total before tax |  | $ | (9,734 | ) |  | $ | 9,316 |  |  | $ | (6,821 | )
Tax benefit |  |  | 2,945 |  |  |  | (3,586 | ) |  |  | 2,626 |
Total net of tax |  | $ | (6,789 | ) |  | $ | 5,730 |  |  | $ | (4,195 | )
Pension and postretirement plans: |  |  |  |  |  |  |  |  |  |  |  |
Current year actuarial loss |  | $ | (4,307 | ) |  | $ | (6,525 | ) |  | $ | 2,075 |
Current year prior service cost |  |  | — |  |  |  | — |  |  |  | (6,199 | )
Total before tax |  | $ | (4,307 | ) |  | $ | (6,525 | ) |  | $ | (4,124 | )
Tax benefit |  |  | 1,670 |  |  |  | 2,512 |  |  |  | 1,587 |
Total net of tax |  | $ | (2,637 | ) |  | $ | (4,013 | ) |  | $ | (2,537 | )
Total recognized in AOCI |  | $ | (9,426 | ) |  | $ | 1,717 |  |  | $ | (6,732 | )
During fiscal 2017, changes to AOCI, net of income tax, by component were as follows (amounts in thousands):
|  | Cash Flow Hedge Items |  |  | Defined Benefit Pension Plan Items |  |  | Total |
AOCI at December 31, 2016 |  | $ | (1,061 | ) |  | $ | (82,222 | ) |  | $ | (83,283 | )
Other comprehensive loss before reclassifications |  |  | (6,789 | ) |  |  | (2,637 | ) |  |  | (9,426 | )
Reclassified to earnings from accumulated other comprehensive loss |  |  | 1,367 |  |  |  | 6,783 |  |  |  | 8,150 |
AOCI at December 30, 2017 |  | $ | (6,483 | ) |  | $ | (78,076 | ) |  | $ | (84,559 | )
During fiscal 2016, changes to AOCI, net of income tax, by component were as follows (amounts in thousands):
|  | Cash Flow Hedge Items |  |  | Defined Benefit Pension Plan Items |  |  | Total |
AOCI at January 2, 2016 |  | $ | (10,190 | ) |  | $ | (86,610 | ) |  | $ | (96,800 | )
Other comprehensive income (loss) before reclassifications |  |  | 5,730 |  |  |  | (4,013 | ) |  |  | 1,717 |
Reclassified to earnings from accumulated other comprehensive loss |  |  | 3,399 |  |  |  | 8,401 |  |  |  | 11,800 |
AOCI at December 31, 2016 |  | $ | (1,061 | ) |  | $ | (82,222 | ) |  | $ | (83,283 | )
Amounts reclassified out of AOCI to net income that relate to commodity contracts are presented as an adjustment to reconcile net income to net cash provided by operating activities on the Consolidated Statements of Cash Flows. The following table presents the net of tax amount of the loss reclassified from AOCI for our commodity contracts (amounts in thousands):
|  | Fiscal 2017 |  |  | Fiscal 2016 |  |  | Fiscal 2015 |
Gross loss reclassified from AOCI into income |  | $ | 2,080 |  |  | $ | 5,307 |  |  | $ | 8,551 |
Tax benefit |  |  | (801 | ) |  |  | (2,043 | ) |  |  | (3,292 | )
Net of tax |  | $ | 1,279 |  |  | $ | 3,264 |  |  | $ | 5,259 |

X
- References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration